Interviewed by Lars Schall for Matterhorn Asset Management's Gold Switzerland Internet site, the economist Robert Blumen explains why gold mine supply is of little relevance to the gold price, gold being largely hoarded and always available to the market rather than consumed or destroyed like other commodities. Blumen also comments favorably about GATA's complaint that Western central banks are surreptitiously active in the gold market to restrain the price. The interview is headlined "What Is Really Key for the Price Formation of Gold?" and it's posted at Gold Switzerland's Internet site here:
http://goldswitzerland.com/what-is-key-for-th...mation-of-gold/
